Ganesh Green Bharat (NSE:GGBL) Receivables Turnover : 5.60 (As of Mar. 2024)

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What is Ganesh Green Bharat Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Ganesh Green Bharat's Revenue for the six months ended in Mar. 2024 was ₹1,689 Mil. Ganesh Green Bharat's average Accounts Receivable for the six months ended in Mar. 2024 was ₹302 Mil. Hence, Ganesh Green Bharat's Receivables Turnover for the six months ended in Mar. 2024 was 5.60.

Ganesh Green Bharat Receivables Turnover Historical Data

The historical data trend for Ganesh Green Bharat's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ganesh Green Bharat Receivables Turnover Chart

Ganesh Green Bharat Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

4.52

3.94

5.60

Ganesh Green Bharat Semi-Annual Data
	Mar22	Mar23	Mar24
Receivables Turnover	4.52	3.94	5.60

Competitive Comparison of Ganesh Green Bharat's Receivables Turnover

For the Solar subindustry, Ganesh Green Bharat's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ganesh Green Bharat's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ganesh Green Bharat's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ganesh Green Bharat's Receivables Turnover falls into.

Ganesh Green Bharat Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Ganesh Green Bharat's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1688.785	/ (	(199.642	+	403.657)	/	2 )
=	1688.785	/	301.6495
=	5.60

Ganesh Green Bharat's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1688.785	/ (	(199.642	+	403.657)	/	2 )
=	1688.785	/	301.6495
=	5.60

Ganesh Green Bharat (NSE:GGBL) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Ganesh Green Bharat Receivables Turnover Related Terms

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Ganesh Green Bharat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ganesh Green Bharat Ltd (NSE:GGBL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

S.G. Highway, F-202. S.G. Business Hub, Ahmedabad, GJ, IND, 382470

Website

https://www.ganeshgreen.com

Ganesh Green Bharat Ltd are providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. It has projects under various schemes of Central and State Government like - Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. We also forayed into the business of designing, construction, installation and operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.